Delhi-NCR information: New Noida to be developed with Rs 8500 crore in first section, land acquisition work to begin… (file photograph)
Noida Authority is planning to assemble a brand new metropolis known as New Noida. For this goal, a whopping Rs 8500 crore will be spent in the first section, IANS reported. New Noida, additionally known as the Dadri-Noida-Ghaziabad Investment Region, will be constructed on land that was obtained from 85 villages between the lands of Dadri and Khurja.
According to the detailed data, Rs 4500 crore will be spent to purchase 3000 hectares of land. Whereas, Rs 4000 crore will be spent for the event of 1500 hectares of land. The authority will search funds from the federal government and the land acquisition work will begin as quickly because the funds are obtained.
The authorities have chosen the School of Planning and Architecture for this goal. Noida Authority CEO, Ritu Maheshwari, has requested it to put together its plan and to make a monetary mannequin.
It has been clearly instructed that the monetary plan ought to be ready in such a method that whereas buying the farmer’s land, they may get the correct compensation and there shouldn’t be any shortcomings in the matter of compensation.
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New Noida will be developed throughout 21,102 hectares unfold by way of 85 villages of Greater Noida and Bulandshahar, the place residential, industrial, institutional, site visitors and transport, inexperienced space, and utility, water physique, and so forth will be out there. In this, 41 per cent industrial, 11.5 per cent residential, 17 per cent greenery and 15.5 per cent roads, 9 per cent institutional and 4.5 per cent business areas will be developed.
In this, 20 villages of Gautam Budh Nagar and 60 villages of Bulandshahar will be included. Big corporations like Ikea, Adani, Microsoft, have expressed curiosity to make investments in New Noida. With the event of the Dadri-Noida-Ghaziabad Investment Region employment alternatives may even improve and the encompassing districts of Noida may even develop.
(With inputs from IANS)
